Key Takeaways
- Concerns Over Middle East Continue
- Netflix and Tesla Headline Earnings For The Week
- Rite Aid Files For Bankruptcy
Markets were mixed last week with the S&P 500 posting marginal gains while the Nasdaq Composite was down less than one percent. However, we did see a big spike in volatility on Friday with the VIX up over 10% on fears over the situation in the Middle East. Those fears also helped drive the price of oil higher by 6% and pushed gold prices higher by 5% for the week. As we kick off this week, there are any number of potential pockets of turbulence from the geopolitical situation; domestic politics, where we still have no Speaker of the House; a trove of economic data; and the ramping up of earnings season.
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